Impulse in wave (a) is taking shape

02.08.2021

Buyers continue to struggle with the euro, trying to make its strengthening a little bit more cheerful. So far, it is not very vigorous, but the price, nevertheless, is growing. Now you can see the outlines of the upward impulse in wave (a).

One more wave of growth is needed to validate this pattern. It seems that we will see it soon. After that, the development of a longer correction caused by the development of wave (b) will begin.

Investment idea: buy 1.1870, stop loss 1.1845, take profit 1.1950.